Morning journal and courier., 1887-02-24
A BUSINESS ADDRESS.

j. b. Sargent Gives an Interesting and
Valuable Ta1k In the Y. M. @. A. Lee
ture EEooIn.
Nearly all the seats in the Y. NJ G. A
lecture room were occupied last night before
J. B. Sargent mounted the platform. Mr..
Sargent is good talker. His long expert
ence in business rendered what he was to say
of value to those present. Mr.. Sargent said
most emphatically that he did not like club
life. He never belonged to one. He never
had time to belong to them. He always be.
Ionged to his business. He said he enjoyed
his business. The man who works intelli-
gently enjoys his work.
Especially abominate clubs where liquor ia
served. If I were preacher 1 would call
such clubs the entrance to hell. But am
not preacher, SO won't say anything about
it.
The young man who depends on somebody
else will surely lose his identity. The uncer-
tainty of life is blessing in disguise. This
uncertainty stimulates man to work. Mr..
Sargent spoke of what great value good hab-
its were to young men. When a young man
has worked along for some time, saved a
small sum and then decides to go into bust
ness, he will most surely have credit if he
has a good character. Good character is
credit. Nine out of every ten who start
| in business ruined by living beyond their
means. When young man just starts into
business for himself he must practice the
most rigid economy. I can look back and
see how many times, if had spent 5000 for
a fast horse or other frivolous ways, how
soon would my affairs have been thrown into
a state of chaos. Even with that $500 have
many times been on the verge of the preci-
pice. might have pulled through all right
L
to be independent. And by not spending
my money foolishly or squandering 1t was
Independent.
There are three conditions necessary for
credit: Natural ability, character and CAPT
tai The most important is character. If a
young man has a good character and
also business ability, his credit will in
crease just much as his experience
and capital will allow. This world can't live
without capital. 1t can't live without labor.
1t is the common talk now of the contest be-
tween capital and labor. A man who talks
that way is fool. What could labor do
without capital? What could capital do
without LAHORE There may be contest be-
tween an employer and labor, but there is
no contest between capital and labor. Capt.
tai is bottled up labor. Capital in increasing
itself works the same as labor. Who are
capitalists? Those who save their money.
A driver of coal cart can be a capitalist.
There are three elements in the production
of wealth-capita1, labor and management.
Mr.. Sargent showed map of
Germany and some of the countries
bordering on it. He told of the taxation
over there and how it affected wages. He
said that taxation, in his estimation, should
be on nothing but real estate. The hackmen
are taxed for running their hacks. This is
not economy. The hackmen get what they
are taxed out of the public in some way. All
this is unjust taxation.
The address was an able one. Mr.. Sar-
gent talked for nearly az hour and a half.
He told of many of his own experiences,
which were entertaining and of good deal
of value to the Young men present.